|Bid||5.300 x 0|
|Ask||5.320 x 0|
|Day's Range||5.120 - 5.370|
|52 Week Range||3.110 - 6.360|
|PE Ratio (TTM)||8.76|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.49|
Norwegian aluminium producer Norsk Hydro (NHY.OL) launched a low-carbon brand on Thursday and predicted that customers ranging from carmakers to packaging firms will pay a premium to help slow climate change. Rivals Alcoa (AA.N), Rio Tinto (RIO.L) and Rusal have previously started to seek higher prices for aluminium made at smelters run on renewable hydro-power, rather than high-emissions fossil fuels.. Norsk Hydro produces two-thirds of its aluminium from hydro-powered smelters and Chief Executive Officer Svein Richard Brandtzaeg said there was a nascent demand for less polluting brands of the metal, which is also lighter than steel.
MOSCOW (Reuters) - Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, priced its global depositary receipts at $14 in an initial public offering on Friday, at ...
Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, has set a price range for a planned stock market flotation that will test investor appetite for Russian assets three years after the Ukraine crisis. En+ expects to raise a total of $1.5 bln through the IPO and plans to use the bulk of the proceeds to cut debt, in particular, to the state bank VTB (VTBR.MM). The initial public offering (IPO), to be carried out in London and Moscow, will be the first major float of a Russian company in London since 2014, when Russia's annexation of Ukraine's Crimea region provoked western sanctions.
Ukraine's anti-monopoly committee has given commodities trader Glencore (GLEN.L) the green light to take a stake in Ukraine's Mykolaiv plant, the second-largest alumina asset of Russia's Rusal . The decision means Glencore can acquire shares in Aluminium of Ukraine and Guardon Ukraine, which own the Mykolaiv plant and are themselves controlled by Rusal, one of the world's largest aluminium producers.
Glencore (GLEN.L) will swap its 8.75 percent stake in Russian aluminium giant Rusal for shares in En+ Group, an aluminium and hydropower group controlled by tycoon Oleg Deripaska, En+ said on Wednesday. Glencore will be entitled to appoint its chief executive to the board of directors of En+ after the share swap.
VTB Capital, a coordinator of the planned initial public offering of Russia's En+ has valued the group's total equity at between $9 billion and $12 billion, according to a VTB report obtained by Reuters. En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, is planning an initial public share offering (IPO) in London and Moscow. The listing will be the first major IPO of a Russian company in London since 2014, when the West imposed sanctions on Russia over its actions in Ukraine, and is seen as a test of investor appetite for Russian assets.
Russia's En+ Group will launch an initial public share offering in London and Moscow, it said on Thursday, testing investors' appetite for Russian assets three years after Western countries imposed sanctions on Moscow over its role in the Ukraine crisis. The listing of En+, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, will be the first major IPO of a Russian company in London since 2014, when Russia annexed Ukraine's Crimea region. It will provide a boost to London's IPO pipeline, which has slowed following Britain's vote to leave the European Union.
Rating Action: Moody's changes outlook on RUSAL's Ba3 rating to positive; affirms ratings. Global Credit Research- 26 Sep 2017. London, 26 September 2017-- Moody's Investors Service has changed to positive ...
LONDON/MOSCOW (Reuters) - En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, could launch its initial public offering (IPO) as soon as Sept. 28, three sources familiar with the matter told Reuters. En+ owns assets in metals and energy, including a 48 percent stake in Hong Kong-listed Russian aluminium producer Rusal , which is a big consumer of hydroelectricity produced by companies owned by En+. Preparation for an intention-to-float announcement, which usually starts the public marketing phase of an IPO, is well under way, one of the sources said, adding that a delay was still possible, subject to final decision.
United Co. Rusal, the largest aluminum producer outside China, will be able to pay dividends without the approval of its lenders for the first time in at least seven years after recent refinancing eased ...
Three global aluminium producers have offered Japanese buyers a premium of $135 per tonne for shipments in the April to June quarter, up 42 percent from the previous quarter, three sources directly involved in the pricing talks said on Wednesday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. The latest quarterly pricing negotiations began last month between Japanese buyers and miners including South32 Ltd , Rio Tinto Ltd and United Company Rusal Plc, and are expected to continue through this month.
United Co. Rusal, the aluminum giant led by billionaire Oleg Deripaska, is laying the groundwork for the biggest Russian share sale since the Crimean crisis.
London, 19 January 2017-- Moody's Investors Service has today assigned a B1 rating to the proposed senior unsecured notes to be issued by Rusal Capital D.A.C., a wholly owned subsidiary of the world's ...